Unknown identity moved 17,187 BTC ($268M) in block 656,521.
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Unknown identity moved 17,187 BTC ($268M) in block 656,521.
Since the era of leading payment company, PayPal and other leading financial brands entered into the crypto space, the intensity seen by large investors had unsurprisingly soared at record levels.
Data seen by Nairametrics revealed an unknown identity moved 17,187 BTC ($268M) in block 656,521
Whale alert! Seone moved 17,187 BTC ($268M) in block 656,521 https://t.co/aleWPFPNto
— Bitcoin Block Bot (@BtcBlockBot) November 12, 2020
About a few weeks ago, Glassnode, a notable crypto analytic company, revealed the number of Bitcoin whales (entities holding ≥ 1K BTC) that have been on an upwards trend for the past months.
This is an indication that more high-net-worth individuals are entering the space to invest in Bitcoin, in expectation of $BTC price appreciation.
What this means; from a macro level is that the increase in the number of these large entities can be considered bullish.
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